Common use of NOTIFICATION OF SURETY COMPANIES Clause in Contracts

NOTIFICATION OF SURETY COMPANIES. All the surety companies providing the Performance Bond shall familiarize themselves with all or the terms and conditions of the Master Agreement and Work Order and they waive tine right of special notification of any change or modification of the Master Agreement, Work Order, extension of time; of decreased or increased work. of the cancellation of the Work Order, or of any other act or acts by PG&E ES or its authorized agents, under the terms of the Master Agreement or Work Order; and failure to -so notify the aforesaid surety companies of changes shall in no way relieve the surety companies of their obligation under the Master Agreement or Work Order.